Debate Heats Up On Carry Taxation

Nothing like a column on carried interest to stir up a hornet’s nest of stinging commenters. Earlier this week Richard Beales, a Reuters Breakingviews columnist, opined in our Vox Populi space that congress erred in dropping, at least temporarily, its proposal to raise taxes on carried interest. Beales is hardly alone: Even billionaire Peter G. Peterson, co-founder of the Blackstone Group and long-time beneficiary of the current tax treatment, recently said in an interview that carried interest should be taxed as regular income. Still, that view didn’t sit well with many of our commenters:

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